Obeilx hope you okay too. Right my holding look terrible too. But we are witnessing with this current service there is always cash flows is in a dangerous position. So this will be the right strategy at the moment. Don't for get Pyc is very active in personalized medicine as the report from FT says will be another blog busters in the pharma industry not many companies are currently working in the personalized fields is all the matter of times this share will be blowing up . Just need more patience as we already having it . Glm
Hi Draey, I hope you're right Mate. My 42 mil shares here looks terrible, but who knows, they can't run the company issuing more shares all the time. I remember MTV now, shares and more shares out and today they disappear. I just hope not happen here. Have a nice day Mate, take care Obelix
As we been here for so long all our investment is almost wiped out. .pyc has proved with this services can not be viable and can't generate enough revenue to carry on for more years . the placing after placing kept the company going until now. But the new strategy for the Acquisition of BioMoti can take Pyc to biotechnology company to develop drugs and later sell to big pharmaceutical companyi. there leading compound BioMoti 1001 is already been using against cancer and this mitigating to develop for drug against the cancer.plus there CD95L Is the platform is loved by professor Middelton the leading clinician in personalized medicine as Pyc is actively engaged in personalized medicine . So I am looking forward for this mixture of brains and fresh faces and minds. So later on Pyc can grow in personalized medicine and development Cancer drug. Gls
will this share ever do anything? it has got to be one of the most boring shares of all time. I remember many years ago (posting under another name) and watching the crazy spread and attempting to not get sucked in for long term hold. Remember going to sell and refreshing screen and the second offer was 20% less ha ha. Hondadave needs a medal for long term posting :-)
Honda, We're the people who can stop this it's us Mate. We've been here for long time and We never been reward for your loyalty. Those Guys over there always take our hard earned money and spend in to their life style. I'm sure they have a luxurious holidays, nice brand new cars, big houses etc. What's about us? We pay year after year. I'm tired of PYC and those Guys Mate. I'm here since 2012 and I believe You and others are here before me, only thing I heard from those Guys it's "another extension of our VTP" no value add for shareholders, they never reply any email, even a phone call they bored to answer. Why We support them? Enough Mate.
I just receive a letter from Halifax regarding to PYC - GM.
They mention on "ordinary resolution" - The Company to grant rights to subscribe for or convert any security into shares in the Company up to a maximum aggregate nominal amount of £274,763.00 in the Ordinary Capital of the Company. Also, they mention: "The next annual general meeting of the company, or if earlier the date-which is 15 months after the date of the passing of this resolution save that the Company shall be entitled to make, prior to the expiry of such authority". I understood, that £1mil will be for acquisition and £274,763.00 will be for general working capital?
The RNS from 18/12.2015 says:
The Company announces that it has completed a placing, conditional only on Admission, to raise £250,000 from the issue of 1,000,000,000 new ordinary shares of 0.004p each ("Ordinary Shares") at a price of 0.025p per share, through WH Ireland Limited (the "Placing"). Application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 24 December 2015.
The funds raised from the Placing will be used for working capital purposes.
Was £1mil Guys last Year (December) and more now? Why We still supporting those Guys there? I will Sell all my shares soon as possible and will never Buy again here.
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